SB 358 – Authorizes a tax deduction for unemployment compensation received during the 2020 tax year

• Sponsor: Arthur
• LR Number: 1385S.02I
• Committee: Ways and Means
• Last Action: 4/15/2021 - SCS Voted Do Pass S Ways and Means Committee (1385S.03C)
• Effective Date: August 28, 2021

Current Bill Summary

SCS/SB 358 - For the 2020 and 2021 tax years, this act authorizes a taxpayer to deduct 100% of the amount of unemployment benefits in excess of $10,200 received during the 2020 tax year. The deduction authorized by this act shall only be taken for one tax year.

JOSH NORBERG

Amendments

No Amendments Found.